Tearsheet

JBS (JBS)


Market Price (10/31/2025): $13.12 | Market Cap: $29.1 Bil
Sector: Consumer Staples | Industry: Packaged Foods & Meats

JBS (JBS)


Market Price (10/31/2025): $13.12
Market Cap: $29.1 Bil
Sector: Consumer Staples
Industry: Packaged Foods & Meats

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 94%, Dividend Yield is 47%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 89%, FCF Yield is 31%
  Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 354%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 42%
  
2 Attractive cash flow generation
CFO LTM is 19 Bil, FCF LTM is 9.1 Bil
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 94%, Dividend Yield is 47%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 89%, FCF Yield is 31%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 42%
2 Attractive cash flow generation
CFO LTM is 19 Bil, FCF LTM is 9.1 Bil
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 354%

Market Valuation & Key Metrics

JBS Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
JBS Return------0%
Peers Return15%-6%-8%-27%-13%-28%-55%
S&P 500 Return16%27%-19%24%23%16%110%

Monthly Win Rates [3]
JBS Win Rate-----33% 
Peers Win Rate42%43%52%38%52%40% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
JBS Max Drawdown------ 
Peers Max Drawdown-19%-20%-23%-38%-29%-30% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: K, GIS, FLO, WEST, FAMI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/30/2025 (YTD)

How Low Can It Go

JBS has limited trading history. Below is the Consumer Staples sector ETF (XLP) in its place.

Unique KeyEventXLPS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-17.5%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven21.2%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven682 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-24.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven33.2%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven154 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-16.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven19.9%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven404 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-33.4%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven50.2%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven605 days1480 days

Compare to


In The Past

SPDR Select Sector Fund's stock fell -17.5% during the 2022 Inflation Shock from a high on 4/20/2022. A -17.5% loss requires a 21.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About JBS (JBS)

Better Bets than JBS (JBS)

Trade Ideas

Select past ideas related to JBS. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
IPAR_9302025_Dip_Buyer_FCFYield09302025IPARInterparfumsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-6.8%-6.8%-6.8%
TAP_9302025_Dip_Buyer_FCFYield09302025TAPMolson Coors BeverageDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-3.8%-3.8%-3.8%
STZ_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025STZConstellation BrandsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-22.2%-22.2%-22.2%
SJM_6302025_Dip_Buyer_FCFYield06302025SJMJM SmuckerDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
4.1%4.1%0.0%
BF-B_5312025_Dip_Buyer_ValueBuy05312025BF-BBrown-FormanDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-18.4%-18.4%-22.4%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
IPAR_9302025_Dip_Buyer_FCFYield09302025IPARInterparfumsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-6.8%-6.8%-6.8%
TAP_9302025_Dip_Buyer_FCFYield09302025TAPMolson Coors BeverageDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-3.8%-3.8%-3.8%
STZ_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025STZConstellation BrandsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-22.2%-22.2%-22.2%
SJM_6302025_Dip_Buyer_FCFYield06302025SJMJM SmuckerDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
4.1%4.1%0.0%
BF-B_5312025_Dip_Buyer_ValueBuy05312025BF-BBrown-FormanDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-18.4%-18.4%-22.4%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for JBS

Financials

JBSKGISFLOWESTFAMIMedian
NameJBS KellanovaGeneral .Flowers .Westrock.Farmmi  
Mkt Price13.0583.1347.0512.084.401.6812.57
Mkt Cap28.928.825.52.60.4-25.5
Rev LTM520,40512,63219,1565,099944-12,632
Op Inc LTM31,6751,9103,141343-38-1,910
FCF LTM9,0528632,096384-143-863
FCF 3Y Avg7,0691,0052,300272-184-1,005
CFO LTM19,1421,5122,691511-27-1,512
CFO 3Y Avg16,1941,6153,003402-39-1,615

Growth & Margins

JBSKGISFLOWESTFAMIMedian
NameJBS KellanovaGeneral .Flowers .Westrock.Farmmi  
Rev Chg LTM41.6%-2.7%-3.3%-0.6%13.0%--0.6%
Rev Chg 3Y Avg12.4%2.3%0.1%3.8%6.9%-3.8%
Rev Chg Q18.3%-3.7%-6.8%1.5%34.8%-1.5%
QoQ Delta Rev Chg LTM3.7%-0.9%-1.7%0.4%8.3%-0.4%
Op Mgn LTM6.1%15.1%16.4%6.7%-4.0%-6.7%
Op Mgn 3Y Avg4.3%11.8%16.9%5.7%-1.6%-5.7%
QoQ Delta Op Mgn LTM-0.2%0.4%-0.5%-0.2%0.1%--0.2%
CFO/Rev LTM3.7%12.0%14.0%10.0%-2.8%-10.0%
CFO/Rev 3Y Avg3.9%12.8%15.2%7.9%-4.4%-7.9%
FCF/Rev LTM1.7%6.8%10.9%7.5%-15.1%-6.8%
FCF/Rev 3Y Avg1.7%7.9%11.7%5.3%-21.0%-5.3%

Valuation

JBSKGISFLOWESTFAMIMedian
NameJBS KellanovaGeneral .Flowers .Westrock.Farmmi  
Mkt Cap28.928.825.52.60.4-25.5
P/S0.12.31.30.50.4-0.5
P/EBIT0.914.67.97.3-9.6-7.3
P/E2.120.88.711.6-4.8-8.7
P/CFO1.519.09.55.0-15.6-5.0
Total Yield94.0%7.5%16.7%16.7%-21.0%-16.7%
Dividend Yield47.3%2.7%5.2%8.1%0.0%-5.2%
FCF Yield 3Y Avg-4.4%6.6%6.7%-24.4%-5.5%
D/E4.00.20.60.81.4-0.8
Net D/E3.50.20.50.81.3-0.8

Returns

JBSKGISFLOWESTFAMIMedian
NameJBS KellanovaGeneral .Flowers .Westrock.Farmmi  
1M Rtn-12.6%1.4%-5.5%-7.4%-9.5%-13.4%-8.4%
3M Rtn-5.4%4.9%-2.7%-22.5%-33.8%-2.3%-4.1%
6M Rtn-1.8%-13.3%-27.7%-25.7%-1.2%-13.3%
12M Rtn-5.8%-27.9%-42.2%-33.5%-56.6%-33.5%
3Y Rtn-27.1%-35.6%-52.0%-59.8%-97.0%-52.0%
1M Excs Rtn-13.3%-0.8%-7.7%-9.4%-9.2%-14.2%-9.3%
3M Excs Rtn-14.3%-4.6%-12.0%-31.8%-42.1%-10.6%-13.2%
6M Excs Rtn--19.9%-35.0%-49.4%-47.4%-22.9%-35.0%
12M Excs Rtn--11.1%-45.1%-59.9%-54.1%-80.8%-54.1%
3Y Excs Rtn--45.0%-109.7%-126.5%-135.5%-173.8%-126.5%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Beef North America113,094116,697119,508  
Pilgrim’s Pride84,19392,29982,289  
Brazil54,07060,35755,67641,70731,960
Seara40,14844,01737,75226,73120,361
PORK United States of America (USA)37,43743,11242,50332,17123,469
Australia30,13433,43629,788  
Others4,3364,4533,9742,9002,432
Elimination-9,526-10,4028,994-7,653-5,907
Beef United States of America   112,12087,203
Chicken United States of America   62,22845,006
Total353,886383,968380,484270,204204,524


Operating Income by Segment
$ Mil20242023202220212020
Pilgrim’s Pride7,45511,0239,428  
PORK United States of America (USA)2,5573,9994,3812,5371,955
Brazil2,2772,4802,4072,317972
Australia2,2072,3471,826  
Seara1,7694,7423,9833,2441,070
Beef North America55411,00725,146  
Extemporaneous litigation00   
Fiscal payments and installments00   
J&F Leniency expenses refund0496   
Reversal of tax credits00   
Rio Grande do Sul floods00   
Elimination-13-12-11-2-1
Others-25-42138-48-116
Donations and social programs-88-127-152-316 
Other operating income (expense), net-12497-51-89-54
Impairment assets-127-920  
Restructuring-25400  
Antitrust Agreements-497-536-4,418-1,283 
Depreciation and amortization-10,430-10,089-9,325  
Beef United States of America   11,5557,021
Chicken United States of America   2,1142,667
Extemporaneous tax credit impacts   421 
Gain on bargain purchase    234
Investigation impacts due to the leniency agreement    -12
Tax payments and installments - Extraordinary    -288
Total5,26225,29433,35020,45013,449


Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity17,767,173
Short Interest: % Change Since 9302025-17.0%
Average Daily Volume7,349,358
Days-to-Cover Short Interest2.42
Basic Shares Quantity2,218,116,370
Short % of Basic Shares0.8%

SEC Filings

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Report DateFiling DateFiling
630202581420256-K 6/30/2025
331202551620256-K 3/31/2025
12312024326202520-F 12/31/2024
9302024111420246-K 9/30/2024
331202451520246-K 3/31/2024
12312023327202420-F 12/31/2023
9302023111420236-K 9/30/2023

Insider Activity

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Industry Resources

Packaged Foods & Meats Resources
USDA Data